Worst Weekly Trades Jan 27 -Jan 31

Weekly Trade results reported from Feb to July, were honest to the exact pip. If anything this world knows about me over the past 10 years is honesty, assistance to any traders and perfect trading.  Never was a negative week seen and our weekly pip average maintain at about 1200 ish pips per week. In 5 months, we had 2 or 3 close calls to break even. Those trades were 12 currency pairs.

This week however trades were absolutely horrible. This is the first time we ever got hit with such a lousy week. AUD pairs began the week in deep deep oversold and traveled lower This killed the AUD trades. GBP cross pairs went past our entries and by 100’s of pips.

My new friend that started this week has every right to complain but he doesn’t know us well enough over time. As accounts over time skyrocket and that is the key to this game but this is where the crowds lose. Trader accounts over time  hit 0 while we rise. We’ve had missed entries yet we profited. I apologize to my friend as a trade week like this week just doesn’t exist. Most Importantly I honestly know what I’m doing on our trades and this week is not represented as our normal weeks.

Here’s trades and Results  Let;s see our week

 

 

EUR/JPY. Break Point 121.19, above targets 122.19 and 122.59.

Strategy. Long 120.12 and 119.94 to target 121.01. Must cross 120.48, 120.64, 120.81 and 120.98. Long above 121.19 to target 122.19. Must cross 121.36, 121.53, 121.70, 121.87, and 122.04. Long only strategy.

Actual 119.76 – 120.40. What can we say about this 119.94 to 120.40

EUR/NZD. Break Point 1.6926, above targets 1.7084.

Strategy. Long 1.6670 and 1.6647 to target 1.6885. Must cross 1.6687, 1.6726, 1.6745, 1.6767, 1.6806, 1.6845 and 1.6864. Long above 1.6926 to target 1.7084. Weekly strategy.

Actual. Closed and opened Sunday at 1.6681 target 1.6885. Target achieved, how about +185 pips.

2nd leg 1.6926, Target 1.7084. Actual 1.6926 to 1.7086. + 160 Pips. Total 345 pips.

AUD/JPY. Break Point 74.94, above targets 75.76.

Strategy. Long 74.39 and 74.11 to target 74.66. Must cross 74.39 and 74.52. Long above 74.94 to target 75.76. Must cross 75.21 and 75.48 . Short 75.76 to target 75.21. Must cross 75.48. Long only strategy.

Actual Long 74.00;s trade to 72.00’s. Minus 200 Pips

AUD/USD. Break Point 0.6867, above targets 0.6895.

Strategy. Long 0.6825 and 0.6811 to target 0.6864. Must cross 0.6853. Long above 0.6867 to target 0.6895. Must cross 0.6881. Long only strategy.

Long 0.6800 traded to 6600, Minus 200

EUR/AUD. Break Point 1.6170, above targets 1.6218.

Strategy. Long 1.6122 and 1.6110 to target 1.6162. Must cross 1.6146 and 1.6158. Long above 1.6170 to target 1.6218. Must cross 1.6182, 1.6194 and 1.6206. Short only strategy.

Actual. Closed and opened Sunday at 1.6147. Target 1.6162 achieved.

2nd leg 1.6170, Target 1.6218, Target achieved. 2 trade total +63 pip. EUR/AUD Highs 1.6500. Free trade short.

AUD/CHF. Break Point 0.6708, above targets 0.6784.

Strategy. Long 0.6619 and 0.6607 to target 0.6697. Must cross 0.6632, 0.6644, 0.6657, 0.6670 and 0.6682. Long above 0.6708 to target 0.6784. Must cross 0.6720, 0.6732, 0.6744, 0.6756 and 0.6767. Long only strategy.

Actual. 0.6600’s to 0.6400’s, Minus 200

NZD/JPY. Break Point 71.62. Below targets 71.08.

Strategy. Short 72.66 and 72.92 to target 71.87. Must cross 72.66, 72.39 and 72.12. Short below 71.62 to target 71.08. Must cross 71.35. Long only strategy.

Actual. Closed and opened Sunday at 72.14. Target achieved at 71.87

2nd Leg Short 71.62 to target 71.08. +54 pips. But Lows 70.34.

NZD/USD. Break Point 0.6562. Below targets 0.6501.

Strategy. Short 0.6622 and 0.6652 to target 0.6576. Must cross 0.6607 and 0.6592. Short below 0.6562 to target 0.6501. Must cross 0.6547, 0.6532 and 0.6517. Long only strategy.

Actual Close and open Sunday 0.6603. Target achieved at 0.6576.

2nd Leg Short 0.6562 to target 0.6501. + 61 Pips. But Lows 0.6452.

USD/CAD. Break Point 1.3126, below targets 1.3045.

Strategy. Short 1.3180 and 1.3207 to target 1.3139. Must cross 1.3153. Short below 1.3126 to target 1.3045. Must cross 1.3099, 1.3072 and 1.3059. Long 1.3045 to target 1.3099. Must cross 1.3072. Short only strategy.

Actual. USD/CAD just hit 1.3244, now short.

CAD/JPY. Break Point 83.14, above targets 83.95.

Strategy. Long 82.80 and 82.70 to target 83.03. Must cross 82.80 and 82.90. Long above 83.14 to target 83.95. Mist cross 83.34, 83.54, and 83.74. Long only strategy.

Long 82.80 dropped to 82.12. Minus 68 pips.

NZD/CHF. Break Point 0.6409, below targets 0.6377.

Strategy. Short 0.6430 and 0.6440 to target 0.6419. Must cross 0.6430. Short below 0.6409 to target 0.6377. Must cross 0.6399 and 0.6388. Long only strategy.

Actual 0.6430, Target 0.6419, achieved. +11.

2nd Leg, short 0.6409, target 0.6377. Achieved +32 Pips

EUR/USD. Break Point 1.1105, above targets 1.1135.

Strategy. Long 1.1015 and 1.1030 to target 1.1099. Must cross 1.1030, 1.1045, 1.1075 and 1.1090. Long above 1.1105 to target 1.1135. Must cross 1.1120. Long only strategy.

Actual 1.0992, Highs 1.1038.

GBP

Favored trades this week: GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD, GBP/AUD and GBP/CHF.

GBP/JPY. Break Point 141.26, below targets 139.85 and 138.45.

Strategy. Short 143.36 and 143.71 to target 141.43. Must cross 143.35, 142.99, 142.73, 142.37, 142.17 and 141.81. Short below 141.26 to target 139.85. Must cross 140.90, 140.54 and 140.18. Long only strategy.

Actual. 143.36 just traded.

2nd leg Short 141.26. GBP/JPY jumped to 143.35 from exactly 141.26.

GBP/CAD. Break Point. 1.6988, below targets 1.6896 and 1.5803.

Strategy. Short 1.7217 and 1.7263 to target 1.7034. Must cross 1.7217, 1.7194, 1.7171, 1.7148, 1.7125, 1.7102,1.7079 and 1.7056. Short below 1.6988 to target 1.6896. Must cross 1.6965, 1.6942 and 1.6919. Weekly strategy.

Actual. 1.7270 – 1.7101 +169 pips. Then bounced to 1.7370’s.

2nd Leg short anywhere to target 1.7171.

GBP/NZD. Break Point 1.9723, below targets 1.9645 and 1.9565.

Strategy. Short 1.9801 and 1.9840 to target 1.9743. Must cross 1.9782 and 1.9763. Short below 1.9723 to target 1.9645. Must cross 1.9704, 1.9685 and 1.9667. Weekly strategy.

Short 1.9801, traded to 2.0300. Minus 500 points.

Bonus shorts

GBP/USD. Break Point 1.2942, below targets 1.2849 and 1.2756.

Strategy. Short 1.3128 and 1.3151 to target 1.2988. Must cross 1.3105, 1.3082, 13059, 1.3036, 1.3013, 1.2992. Short below 1.2942 to target 1.2849. Must cross 1.2919, 1.2896 ad 1.2873. Long only strategy.

Actual. 1.3138 just traded

GBP/AUD. Break Point 1.8845, below targets 1.8721 and 1.8597.

Strategy. Short 1.9186 and 1.9217 to target 1.8907. Must cross 1.9155, 1.9124, 1.9093, 1.9062, 1.9031, 1.9001, 1.8970 and 1.8939. Short below 1.8845 to target 1.8721. Must cross 1.8814, 1.8783 and 1.8752. Weekly strategy.

Actual. 1.9200’s traded to 1.9600.

GBP/CHF. Break Point 1.2641, below targets 1.2584 and 1.2526.

Strategy. Short 1.2754 and 1.2782 to target 1.2658. Must cross 1.2726, 1.2698 and 1.2670. Short below 1.2641 to target 1.2584. Must cross 1.2613, Long only strategy.

Actual 1.2754. just traded

 

Brian Twomey